Date: 4 weeks ago   Category: Finance

Raiffeisenbank has estimated influence of sanctions for the business — Rambler News Service


Raiffeisenbank has estimated impact of sanctions on a financial condition of bank at no more than 1% of the cost of assets, the board member, the head of financial directorate of Raiffeisenbank Geert Hebenstreit has told journalists. "Sanctions which have been imposed haven't influenced us yet: it concerns no more than 1% of our assets. And those sanctions which aren't not imposed yet, but which are discussed so far it is necessary to see so far that it will be and as they will influence a situation" — he has told. On April 6 the USA has imposed sanctions against the Russian 24 physical and 14 legal entities because of a situation in Ukraine. Last week the U. S. Congress has published the text of the bill of new anti-Russian sanctions which assumes introduction of restrictive measures concerning financial and power sectors of the Russian Federation and also businessmen, a sovereign debt of the country and the organizations with state participation. Officially sanctions have to come into force on August 22.

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